USD/JPY Outlook (16 December 2019)

Overall, USD/JPY is moving across. Recently, USD/JPY’s uptrend took a turn, failing to break the resistance level of 109.500.
Currently, USD/JPY is moving towards the resistance level of 109.500 and the next support level is at 108.300.
Due to trade war optimism, look for buying opportunities if USD/JPY breaks the resistance level of 109.500.